Northern Federal Credit Union is a federal credit union headquartered in Watertown, New York, in business for about 71 years. At the end of Q2 2026 it reported $698.2M in total assets and $614.7M in member shares and deposits, with 6 offices.
Based on its Q2 2026 filing, Northern Federal Credit Union scores 54/100, which we describe as below average. That is higher than only 10% of 1,341 credit unions with $100 million – $1 billion. Among 268 credit unions headquartered in New York, it ranks 224th. Its strongest component is problem-loan coverage (78/100; 10.9%), and its lowest is earnings (26/100; 0.15%).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
1 quarters
Health trend
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 54 | $698.2M | 10.48% | 1.32% | 0.15% | 91.4% |
1,341 peers · $100 million – $1 billion
How it compares with peers
Percentile against credit unions of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size credit unions in New York
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Cornerstone Community Federal Credit UnionCredit union Lockport, NY | 44 out of 100, Below average | $730.2M | 7.7% | 2.04% | vs |
| G.P.O. Federal Credit UnionCredit union New Hartford, NY | 79 out of 100, Strong | $629.8M | 11.7% | 0.39% | vs |
| Sea Comm Federal Credit UnionCredit union Massena, NY | 89 out of 100, Very strong | $777.3M | 18.0% | 0.63% | vs |
| Reliant Community Federal Credit UnionCredit union Sodus, NY | 69 out of 100, Moderate | $788.4M | 9.6% | 0.36% | vs |
| Heritage Financial Federal Credit UnionCredit union Middletown, NY | 50 out of 100, Below average | $808.0M | 10.3% | 1.61% | vs |
| First New York Federal Credit UnionCredit union Albany, NY | 63 out of 100, Moderate | $574.0M | 9.4% | 0.48% | vs |
Deposit insurance
Is my money safe at Northern Federal Credit Union?
Yes. Northern Federal Credit Union is a federally insured credit union (NCUA charter #24989). Deposits are insured by the National Credit Union Share Insurance Fund up to $250,000 per member, per insured credit union, for each account ownership category.
An estimated 6.2% of shares and deposits ($38.3M) are above the $250,000 NCUA insurance limit, close to the peer median of 6%. Insured balances are protected regardless of the score.
The net worth ratio is 10.48%, above the 7% level regulators use as the "well capitalized" benchmark for this measure.
6 locations
Branches
Northern Federal Credit Union lists 6 offices in 4 cities. Most locations:
- Watertown, NY (3)
- Evans Mills, NY (1)
- Gouverneur, NY (1)
- Lowville, NY (1)
Identity & history
Profile
- Legal name
- Northern Federal Credit Union
- Type
- Federal credit union
- NCUA charter #
- 24989
- RSSD ID
- 194981
- Primary regulator
- NCUA
- Established
- 1955
- Headquarters
- 138 Factory St, Watertown, NY 13601
- Employees
- 162
Quick answers
Northern Federal Credit Union: common questions
Is Northern Federal Credit Union NCUA insured?
Yes. Northern Federal Credit Union is a federally insured credit union (NCUA charter #24989). Deposits are insured by the National Credit Union Share Insurance Fund up to $250,000 per member, per insured credit union, for each account ownership category.
What is Northern Federal Credit Union's TellerScore?
54 out of 100 (Below average), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
How many branches does Northern Federal Credit Union have?
6 offices as of the latest NCUA data.
Nearby
Highest-scoring banks and credit unions with branches near Watertown
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Watertown Postal Federal Credit UnionCredit union Watertown, NY | 94 out of 100, Very strong | $5.7M | 14.4% | 0.00% | vs |
| WSB Municipal BankBank Watertown, NY | 93 out of 100, Very strong | $152.3M | 15.2% | 0.00% | vs |
| GS&L Municipal BankBank Gouverneur, NY | 92 out of 100, Very strong | $31.6M | 44.5% | 0.00% | vs |
| Sea Comm Federal Credit UnionCredit union Massena, NY | 89 out of 100, Very strong | $777.3M | 18.0% | 0.63% | vs |
| Watertown Savings BankBank Watertown, NY | 79 out of 100, Strong | $971.0M | 17.6% | 1.95% | vs |
| Carthage Savings and Loan, National AssociationBank Carthage, NY | 77 out of 100, Strong | $312.1M | 12.9% | 0.32% | vs |